3. Why does the balance-of-payments statement balance? 4. From a functional viewpoint, a national balance of payments can be grouped into several categories. What are these categories? 9. Indicate whether each of the following items represents a debt or a credit on the U.S balance-of-payments. A. A u.s importer purchases a shipload of French wine. B. A Japanese automobile firm builds an assembly plant in Kentucky. C. A British manufacturer exports machinery to Taiwan on a u.s vessel. D. A u.s college student spends a year studying in Switzerland. E. American charities donate food to people in drought-plagued Africa. F. Japanese investors collect interest income i. their holding of u.s government securities G. A German resident sends money to her relatives in the united states. H. Lloyds of London sells an insurance policy to a u.s business firm. 1. A swiss resident receives dividends on her IBM stock